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Why Cyprus is an ideal jurisdiction for an EU Base? By: ASC Law Firm

The Republic of Cyprus is a Member State of the European Union and a member of the Eurozone. Cyprus is right at the top of the EU tax league table in terms of the attractiveness of its tax regime due to its combination of consistency in interpreting EU tax legislation and stability in resisting frequent changes to EU tax laws. It is a well-known fact that operating in a country with an attractive corporate tax regime provides a competitive advantage when competing with overseas businesses. Cyprus is, also, a member of the British Commonwealth, Council of Europe, IMF, UN, World Bank and WTO and is signatory to many international conventions and treaties.

Cyprus has proven to be an exceptional jurisdiction by virtue of its advantageous tax system. This coupled with the added advantages of EU Membership rightly justify The World Bank’s characterization of Cyprus as the region’s “Miracle”. Cyprus is now a premier holding, finance, royalty and trading company jurisdiction.

Below you will find facts why Cyprus is an ideal jurisdiction for an EU Base: